Economist

Daniel Kahneman

Daniel Kahneman

Born:

Daniel Kahneman is an Israeli-American psychologist, as well as Behavioral economics born on 5 March 1934, In Tel Aviv, Israel.

Family Background:

He is the son of Efrayim and his wife Rachel. Daniel spent his childhood in Paris with his parents.

Personal Life:

Daniel Kahneman married Anne Treisman, who served as professor of psychology at Princeton University.

Education:

In 1954, He received the Bachelors of science degree in Psychology and minor in Mathematics from the Hebrew University of Jerusalem. In 1958, He went to the US and earned the Ph.D. in psychology from the University of California, Berkeley.

Career:

After completing his education in 1960, He worked as a lecturer in psychology at Hebrew University in 1961. In 1968, He has been appointed as a Senior Lecturer. During his academic career, He had continued with research work and up with his first work. During his academic career, he had also worked as visiting scientist at the University of Michigan. In 1966-1967, He served as the fellow at the Center for Cognitive Studies. Kahneman and Tversky have published a series of Seminal articles in the general field of judgments. They two collaborated came up with their jointly written paper “Belief in the Law of Small numbers”. which had been published in 1971. From 1971 to 1979, They published seven more articles. In 1978, Daniel left the Hebrew University and took the post at the University of British Columbia. In 1979, They had come up with their magnum opus work ‘Prospect Theory’. In 1992, Kahneman and Varey introduced the method of Evaluating moments “experiences extended across time”.

Unknown Facts:

  • Kahneman has developed the notion of focusing illusion.

Master Stroke:

  • Kahneman serves as senior scholar and faculty member emeritus at Princeton University’s Department of Psychology and Woodrow Wilson School of Public and International Affairs.

Awards and Achievements:

  • In 2002, He received the Nobel Memorial Prize in economics.
  • In 2003, He awarded the University of Louisville Grawemeyer Award.
  • In 2011, He received the Talcott Parsons Prize from American Academy of Art.
  • In 2011, He won the Times Book Award for Current Interest, for his book ‘Thinking, Fast and Slow’.
  • In 2012, He won the National Academy of Science communication award for his book, ‘Thinking, Fast and Slow’.

What can we learn from him??

Like Daniel Kahneman, Always think positive. Always be active in any work.

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